Question
Think about how the benefit of honey bees may or may not be fully reflected in actual markets and market demand. For example, do you
Think about how the benefit of honey bees may or may not be fully reflected in actual markets and market demand. For example, do you think that the market demand for jars of honey is adequate to reflect the full benefit offered by honey bees and their pollinating capabilities? Discuss how this is likely an example of what is referred to as a positive externality.
Without any intervention, do you think the market for jars of honey alone would allocate adequate resources towards honey bee protection and cultivation? Explain. In your research, did you encounter any ways in which either through government intervention or private exchanges and activities the honey bees are receiving additional resources? Share some of the examples you found. Can you think of any other examples of goods that yield either positive or negative externalities?
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